Understanding Assumable Loans An assumable loan allows a new property buyer to inherit the seller’s loan. Essentially, when a commercial property is sold, the buyer can step into the seller’s shoes and take over the existing loan. However, it’s crucial to understand that not all loans are assumable, and many come with specific conditions for…
Sweetwater Capital is pleased to offer a unique four-phase investment opportunity in Allen Ridge Community in Greenville, NC.
Phase I has 56 units, built in 2008 with 100% occupancy. All units are 3 bedrooms, 2 bathrooms with an average size of 1,200 SF.
Phase II is under development for 68 units with 48 units to be delivered in 45 days and the remaining 20 in 6 months. This Phase consists of 34 units with 3 bedrooms, 2 baths and 34 units with 2 bedrooms, 2 baths, and a garage.
Phase III is fully-entitled and approved for 72 units.
Phase IV is a proposed plan for 45 duplex-style units and 160 multifamily units on 33 acres of raw land adjacent to Phase III.
Upon completion, the entire development will include duplexes, single family rentals and multifamily units.